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Ok that's also good to know. I can only go with what I have heard from others on the board since Chan has never responded to me personally. From what I understood he basically went radio silent last fall. Thanks for posting his response. I was honestly starting to get a little worried about company, especially with how long the county deals have been taking to get going.
This tells me that Quitdayjob's conversations have not fallen on deaf ears and they will hopefully be more open with shareholders! One thing I am curious of is how many of those 60,000 units were free and how long of a free monthly trial the people got? I know they are currently giving away a 3 month free subscription with purchase. Those 60,000 units are massive by themselves bringing in $600,000 per month I just wonder how long until we see that revenue? Q1 financials will be very interesting to review
Person on stocktwits posted an email from company saying they plan to release a PR next week.
At most they will add 70 million to OS if it converted at current price. Really not that big of a deal especially since we are already cash flow positive. I think the May PR after close will tell us exactly what we are dealing with and I am personally very excited about it. A lot to look forward to with this company IMO.
When he said 10k he meant the 10k financial report. The $400k in my previous post is what is owed in June
The note due in June is completely separate and conversions won't start until June 12th if they aren't paid in cash.
The note due June 12th is for just over $400k. Paying that off with cash would be huge. Otherwise would add another 75 million shares to OS at current price. If they are currently profitable then paying off the remaining notes should be very achievable. Hopefully :)
If that happens I will be able to retire.
All it will take is for a PR to come out saying they started installs for the county executives contract. Sounds like we are getting closer but may take another few months before it finally happens.
Anyone see the last tweet from vytxrnd? Sounds like maybe they have made atleast one tire out of vytex for testing? Hate to get my hopes up too much because this company has been the worst at getting me excited about the future only to let me down time after time. Still holding on to a fraction of hope this company finally follows thru on something! Any thoughts on when the rx3000 will finally be available for sale??
Haha let me clarify. Once we get to that kind of price I will sell some (maybe half) and hold the rest until we reach dollars or company sells. Aggravated at the lack of direct communication with shareholders and the slow pace of implementing trackers for current contracts but still believe strongly in company. Just a little impatient like every shareholder in every stock.
June would be perfect time for that type of run since 90% of my shares become long term then!
Sadly there just isn't enough volume to get rid of them yet. Won't get rid of them until PR comes out. Hopefully they are low enough in their remaining stack at that poiny where we can knock them out fairly quickly once high volume hits
End of next week. I'm assuming they will request an extension again. Q1 10Q doesn't mean much to me since no financials for Aria facility will be in there anyway. I'm waiting for the massive PR of deal being closed at the end of May which hopefully includes Q1 billouts.
Thanks I'll try and give them a call tomorrow
What's the number you are calling?
Thanks for keeping everyone in the loop on your communications with the company!
Yes that's correct
That's exactly what I am hoping for. When they release the PR saying the deal is closed I bet they include at least the q1 billouts.
Form 7 out
Any idea when he plans to reach out and call you?
Haha fair enough. At least you got a reply. I haven't heard anything back yet
Can you provide any context to what he said in his response to your first email?
CBD updates would be nice. He has made numerous claims dating back to december saying they are so close to numerous deals but then nothing. Canada deal especially.
They don't have this one anymore.
Thanks for letting us know about your conversation. If they start being more vocal and transparent with investors that will be huge in generating more interest in the company. Biggest problem I see right now is nobody is even aware of the company.
Called but nobody answered so had to leave a message. Sent an email as well.
Will do
Have you ever spoke with them before? Was also curious if they were very responsive to shareholders or not.
Has anyone reached out to company about status of 10K? I am going to call tomorrow but was curious if anyone had done it yet and gotten a response.
Issue fee payment verified
Patent status updated to "Publications - Issue fee payment received". Getting closer everyday.
Agreed. That's why I'm not worried about the increase.
Yahoo has the old OS count in March which was $443 million and April count on OTC market shows an increase to $537 million. The increase happened between March and April. Looks like they only update it once a month. Hope this helps.
He is correct on the OS increase. However, that could be for all the expansion they did for their lumber processing improvements so I'm not worried about it at all. With lumber prices sky rocketing it was a worthy investment. Really wish they would file the 10k. They have always posted financials within the deadlines so I'm wondering why they are so late on the 10k.
Really wish he would have included q1 billouts like he did in a previous PR for Nov and Dec. That would have made a huge difference imo. Still great to hear they are cash flow positive though.
Once the patent gets granted I would assume a merger between IGEN and Positioning Universal would happen shortly after. Makes way too much sense for the companies to merge, especially with them patenting the invention together.
Google "code d form 4" and you will get your answer to what it means. It's true one code box shows sale and one shows purchase but increase in share count total shows they were acquired and not sold. Whether they were awarded or purchased we do not know but code d means "Sale (or disposition) back to the issuer of the securities".
He doesn't say much but sure is methodically building one hell of a business!
I included meaning in a post yesterday. It means all the have to do is pay some fees/sign some documents and it will be approved.